Supply Chain Glossary – K Letter

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Description

  • Kanban System: The Kanban system is a visual inventory management method that uses cards or signals to trigger production or replenishment.
  • Kaizen: Kaizen is a continuous improvement philosophy that encourages small, incremental changes to enhance processes and efficiency.
  • Key Performance Indicators (KPIs): KPIs are measurable metrics used to evaluate and track the performance of various aspects of industrial and supply chain operations.
  • Knowledge Management: Knowledge management involves capturing, organizing, and sharing information and expertise within an organization.
  • KPI Dashboard: A KPI dashboard is a visual tool that displays key performance indicators for monitoring and decision-making.
  • Kitting: Kitting involves assembling and packaging specific components or items together as a single unit for streamlined production or order fulfillment.
  • Kanban Board: A Kanban board visually represents work tasks, their status, and workflow stages, often used in project management.
  • Knowledge Transfer: Knowledge transfer facilitates the sharing of skills, knowledge, and best practices among employees or teams.
  • Key Account Management: Key account management focuses on nurturing and managing relationships with important customers or clients.
  • Kaizen Event: A Kaizen event is a concentrated effort to identify and implement improvements in a specific area or process.
  • Knowledge Repository: A knowledge repository is a centralized database or system for storing and retrieving organizational knowledge.
  • KPI Analysis: KPI analysis involves assessing key performance indicators to identify trends, areas for improvement, and strategic insights.
  • Kanban Production Control: Kanban production control methods enable efficient and flexible manufacturing in response to customer demand.
  • Kanban Card: A Kanban card contains information about a product or task and is used to trigger its production or completion.
  • Knowledge Sharing Platform: A knowledge sharing platform facilitates collaboration and information exchange among employees or teams.
  • Key Supplier: A key supplier is a strategic supplier that plays a critical role in the success of a company’s supply chain.
  • Kanban System Design: Kanban system design involves configuring the structure and rules of a Kanban system for optimal performance.
  • Kaizen Culture: A Kaizen culture promotes a workplace environment where continuous improvement is embraced by all employees.
  • KPI Benchmarking: KPI benchmarking compares an organization’s performance metrics against industry standards or competitors.
  • Kanban Pull System: A Kanban pull system initiates production or material movement based on actual demand, reducing waste.
  • Kanban Inventory Management: Kanban inventory management maintains lean inventory levels while ensuring materials are available when needed.
  • Knowledge Management Strategy: A knowledge management strategy outlines the approach to capturing, using, and sharing organizational knowledge effectively.
  • Key Performance Drivers: Key performance drivers are specific factors that have a significant impact on achieving desired business outcomes.
  • Kanban Signal: A Kanban signal can be a card, tag, or electronic message that triggers the replenishment or production of items.
  • Kanban Workflow: A Kanban workflow defines the sequence of steps and processes used to complete tasks or produce products.
  • KPI Tracking: KPI tracking involves monitoring and recording key performance indicators over time to assess progress and trends.
  • Kaizen Implementation: Kaizen implementation is the process of applying continuous improvement principles to optimize operations.
  • Kanban Logistics: Kanban logistics streamlines the flow of materials and information in supply chain and manufacturing operations.
  • Knowledge Capture: Knowledge capture captures tacit knowledge and converts it into explicit, usable information within an organization.
  • Key Performance Index (KPI): A KPI is a specific metric used to assess the performance and progress of an organization’s goals and objectives.